Cross-border merger and acquisitions in finance and telecommunications

2015 ◽  
Keyword(s):  
Cross Border ◽  
Merger And Acquisitions

scholarly journals The Effect of Tax System Characteristics on Cross-Border Mergers and Acquisitions

2021 ◽  
Author(s):  
Jodi M Henley
Keyword(s):  
Investment Decisions ◽  
Target Firm ◽  
Tax System ◽  
Cross Border ◽  
Tax Returns ◽  
Merger And Acquisitions ◽  
Tax Savings ◽  
Thin Capitalization ◽  
System Characteristics ◽  
Foreign Corporation

Although determinants of cross-border merger and acquisitions (M&As) have been given substantial attention in the literature, research examining the effect of tax system characteristics on cross-border M&As is more limited. Cross-border M&As have substantial tax implications for both the acquiring firm and the target firm. Because firms evaluate investments based on expected after-tax returns, I expect that managers consider potential tax savings or costs in making investment decisions across tax jurisdictions. In this study, I use hand-collected country-year-level tax system characteristics to examine tax determinants of the volume and direction of cross-border M&As. I find that tax system characteristics such as controlled foreign corporation provisions, thin capitalization provisions, and the presence of a worldwide versus territorial regime have a significant effect on cross-border M&A activity.

A case study of the HNA group cross-border M&A strategy

2016 ◽  
Vol 32 (9) ◽  
pp. 39-42
Author(s):  
Ying Xiao ◽  
Mark Thomas
Keyword(s):  
Single Case ◽  
International Strategy ◽  
International Capital ◽  
Case Study Method ◽  
Content Type ◽  
Cross Border ◽  
Group A ◽  
Pertinent Information ◽  
Merger And Acquisitions

Purpose The purpose of this article is to outline the reasons for the success of the Chinese HNA Group in the development of its international strategy. Design/methodology/approach The article adopts a critical single case study method approach. Findings The HNA Group has been highly successful using cross-border merger and acquisitions (M&As) as a platform for growth. However, Chinese companies are facing more difficulties compared to their international competitors in cross border M&A deals and are paying a higher premium for that. Even HNA Group, a veteran player in the international capital market, may not be exempted from the skeptics toward China money. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

scholarly journals Macroeconomic factors and firm’s cross-border merger and acquisitions

2014 ◽  
Vol 40 (2) ◽  
pp. 277-298 ◽  
Author(s):  
A. N. Bany-Ariffin ◽  
Mohamad Hisham ◽  
Carl B. McGowan
Keyword(s):  
Macroeconomic Factors ◽  
Cross Border ◽  
Merger And Acquisitions

The effects of inter-organizational compatibility on knowledge transfer in cross-border M&As

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ying Qi ◽  
Xiangyang Wang ◽  
Yujia Li ◽  
Gongyi Zhang ◽  
Huiqi Jin
Keyword(s):  
Knowledge Transfer ◽  
Mediation Model ◽  
Structural Effects ◽  
Content Type ◽  
Cross Border ◽  
Moderated Mediation Model ◽  
Cultural Compatibility ◽  
Merger And Acquisitions ◽  
Culture Strategy ◽  
The Relationship

PurposeThe study adopts congruence theory to explore the structure of inter-organizational compatibility and its structural effects on knowledge transfer in cross-border merger and acquisitions (M&As).Design/methodology/approachThis paper built a moderated-mediation model that presented the relationship between inter-organizational compatibility and knowledge transfer. Regression analysis was conducted with 182 samples from China to examine the model and hypotheses.FindingsThe results indicate that inter-organizational compatibility is a four-dimensional construct comprising culture, strategy, routine and knowledge. Additionally, inter-organizational compatibility has structural effects on knowledge transfer. Specifically, routine compatibility mediates the relationships between cultural compatibility and knowledge transfer and between strategic compatibility and knowledge transfer. Moreover, the mediating roles are moderated by knowledge compatibility.Originality/valueThis study updates the construct and provides a comprehensive and fresh understanding of inter-organizational compatibility. Additionally, it presents the structural effects of inter-organizational compatibility on knowledge transfer.

Understanding the Paradigm Shift in Strategy of M&As in India in a Volatile Period Through Motive Analysis: Evidences from the IT Industry

2019 ◽  
pp. 097215091987929
Author(s):  
Amit Soni ◽  
Rabi N. Kar ◽  
Niti Bhasin
Keyword(s):  
Paradigm Shift ◽  
Reform Process ◽  
Subprime Crisis ◽  
It Industry ◽  
Competitive Edge ◽  
Cross Border ◽  
Reform Period ◽  
Merger And Acquisitions ◽  
International Sector

The reform period in India led to corporate restructuring, including mergers and acquisitions (M&As). Specifically, the reform process helped the Indian information technology (IT) sector to gain a competitive edge. With the gain in competitive edge, IT companies experienced the foreign-led rapid organic and inorganic growth. However, the subprime crisis of 2008–2009 not only caused a decline in inorganic investment but also caused a shift in preference from the international sector to the domestic sector. This study provides evidence of the paradigm shift in merger and acquisitions (M&A) strategies of Indian IT companies through motive analysis (2000–2015). In that context, this article explores the trend and pattern of motives for both domestic and cross-border M&As (CBMAs) by Indian IT firms and specifically seeks to investigate the main motives of CBMAs. The empirical evidence suggests a marked difference and dynamism in the pattern of motives for domestic and CBMAs across different sub-time periods. Furthermore, it indicates that the market and efficiency-seeking motives seem to be the dominant drivers of IT sector firms for emerging countries like India, whereas the role of efficiency-seeking motive became more prominent after the period of subprime crisis.

Sign in / Sign up

Export Citation Format

Share Document